Substitution Event - Credit Derivatives Provision
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2014 ISDA Credit Derivatives Definitions
Section 2.11 in a Nutshell™ Use at your own risk, campers!
Full text of Section 2.11
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Content and comparisons
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Summary
2.11 If you are in Standard Reference Obligation world you do not need to worry about what happens if your ref obligation goes away because The System will sort it out for you. If you are going properly commando and have chosen your own Reference Obligation you may need this.
General discussion
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See also
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